"I am pleased that the first investment made by FinServe’s members is in a St. Louis-based company, and one that is already a part of the St. Louis Arch Angels portfolio,” said Kyle Welborn, executive director of FinServe and head of due diligence and membership recruitment for the Arch Angels. “Since FinServe joined the Arch Angels network last month, it is exciting to see how our closer relationship is already leading to the syndication of local deals, helping companies get the financing they need to grow and succeed in the region."

The FinServe Tech Angels were originally founded to invest in technology companies that cater to the financial services market. Welborn also is an associate partner with the Cultivation Capital early-stage venture capital fund and previously helped startups in Chicago raise money and find mentors.

"The new partnership between the Arch Angels and FinServe is clearly already yielding results within the angel investing community,” said Gil Bickel, chairman of the St. Louis Arch Angels. “We are thrilled to see this additional investment in such a promising company as aisle411."